U.S. June sales a mixed bag for automakers; SUVs, trucks still strong
(Reuters) – Major automakers on Tuesday posted mixed U.S. sales results for June and the second quarter, with demand still…
Brookfield, GIC to buy Genesee & Wyoming for about $6.4 billion
FILE PHOTO: People walk to Brookfield Place off Bay Street on the day of the annual general meeting for Brookfield…
When controversies hit, wait-and-see no longer works, U.S. companies find
NEW YORK (Reuters) – When Bank of America Corp (BAC.N) held its annual meeting in April, activists insisted it stop…
FedEx profit beats estimates, warns of pain in 2020 from trade war
(Reuters) – Package delivery company FedEx Corp beat Wall Street estimates for quarterly profit on Tuesday, but warned that U.S.-China…
UPS will not join FedEx lawsuit against U.S. government
(Reuters) – United Parcel Service Inc said on Tuesday it would not join a lawsuit FedEx Corp filed against the…
Velodyne Lidar hires bankers for an IPO: Business Insider
A Velodyne LiDAR sensor is seen mounted on a self-driving vehicle during a self-racing cars event at Thunderhill Raceway in…
Deutsche Bank to set up 50 billion euro bad bank: FT
FILE PHOTO: Employees of Germany’s largest business bank, Deutsche Bank, gather ahead of the bank’s annual shareholder meeting in Frankfurt,…
Trump presses Lockheed to keep open a Pennsylvania plant slated for closure
FILE PHOTO: U.S. President Donald Trump greets Lockheed Martin CEO Marillyn Hewson in front of a Lockheed Martin F-35 stealth…
India to impose retaliatory tariffs on 28 U.S. goods from Sunday
NEW DELHI (Reuters) – India will impose higher retaliatory tariffs on 28 U.S. products including almonds, apples and walnuts from…
Target says registers back online, blames outage on technology issue
(Reuters) – Target Corp on Saturday said its payment registers were back online after a systems outage stopped customers in…
U.S. drugmakers file lawsuit against requiring drug prices in TV ads
FILE PHOTO: Used blister packets that contained medicines, tablets and pills are seen, in this picture illustration taken June 30,…
Perdue Foods enters crowded plant-based alternative meat market
(Reuters) – Perdue Foods, one of America’s largest chicken producers, said it will sell frozen chicken nuggets mixed with cauliflower,…
FAA says has no timetable for Boeing 737 MAX’s return to service
FILE PHOTO: An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton,…
Boeing May deliveries fall 56% as 737 MAX grounding continues to weigh
(Reuters) – Boeing Co said on Tuesday it handed over 56% fewer airplanes in May compared with a year earlier,…
GM to invest $24 mln in Fort Wayne plant, boost pickup production
FILE PHOTO: A door steel and aluminum door is welded at GM’s Chevrolet Silverado and GMC Sierra pickup truck plant…
Mexico budget cuts hit patient care and delay kids’ surgeries, doctors warn
MEXICO CITY (Reuters) – Mexico’s hospitals are reeling under steep budget cuts by the country’s new government, with surgery delays…
Factbox: U.S. companies warn Trump’s tariffs could hit results
(Reuters) – A host of U.S. consumer companies have warned that costs related to tariffs on goods imported from China…
Nissan retains Saikawa as CEO, in likely rebuff of Renault
TOKYO (Reuters) – Nissan Motor Co said on Friday that Hiroto Saikawa would stay on as chief executive, backing the…
Nissan’s Saikawa to stay on as president, Renault chief to join board: sources
FILE PHOTO: Thierry Bollore, Chief Executive Officer of Renault, poses as he attends French carmaker Renault’s 2018 annual results presentation…
Bayer bets on ‘silver bullet’ defense in Roundup litigation; experts see hurdles
NEW YORK (Reuters) – Bayer AG plans to argue that a $2 billion jury award and thousands of U.S. lawsuits…
Bayer bets on ‘silver bullet’ defense in Roundup litigation; experts see hurdles
NEW YORK (Reuters) – Bayer AG plans to argue that a $2 billion jury award and thousands of U.S. lawsuits…
California jury hits Bayer with $2 billion award in Roundup cancer trial
(Reuters) – A California jury on Monday awarded more than $2 billion to a couple who claimed Bayer AG’s glyphosate-based…
GE’s rising bonds offer another endorsement of CEO Culp
NEW YORK (Reuters) – General Electric Co shareholders offered their latest endorsement of new Chief Executive Larry Culp this week…
Occidental investor set to vote against board due to Anadarko bid
HOUSTON (Reuters) – T. Rowe Price Group Inc said on Monday it intends to vote against the Occidental Petroleum Corp…
Tyson Foods recalls almost 12 million pounds of chicken strips over contamination fears
(Reuters) – Tyson Foods Inc significantly expanded a recall of frozen, ready-to-eat chicken strips to close to 12 million pounds…
Warren Buffett: Berkshire discloses enough about itself
Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at…
UK’s Vectura wins patent infringement case against GlaxoSmithKline in U.S
(Reuters) – British drugmaker Vectura Group Plc said on Saturday that it won a patent infringement litigation case against GlaxoSmithKline…
Air Canada pilots reviewing aircraft systems on Boeing’s MAX jets
FILE PHOTO – An Air Canada Boeing 737 MAX 8 from San Francisco approaches for landing at Toronto Pearson International…
Honeywell expects Boeing 737 MAX deliveries to resume in the second half of 2019
FILE PHOTO: An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton,…
U.S. jury says Bayer must pay $81 million to man in Roundup cancer trial
FILE PHOTO: Monsanto’s Roundup weedkiller atomizers are displayed for sale at a garden shop near Brussels, Belgium November 27, 2017.…
California jury awards $29 million to woman with cancer who used J&J talc
(Reuters) – A California jury on Wednesday awarded $29 million to a woman who said that asbestos in Johnson &…
GE’s CEO warns of negative industrial cash flow in 2019, shares drop
(Reuters) – General Electric Co’s chief executive surprised investors on Tuesday by forecasting a net cash outflow from its industrial…
Southwest shares drop as mechanics dispute escalates
(Reuters) – Southwest Airlines Co’s shares fell more than 5 percent on Wednesday after the low-cost U.S. carrier said it…
Microsoft expands political security service to 12 European countries
FILE PHOTO: General view of Microsoft’s logo at Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016. REUTERS/Charles…
Boeing says prolonged government shutdown could hurt business: CNBC
FILE PHOTO: Employees are pictured as the first Boeing 737 MAX 7 is unveiled in Renton, Washington, U.S. February 5,…
U.S. government shutdown holds up FAA approval of aircraft, routes
(Reuters) – Federal Aviation Administration (FAA) approval of aircraft such as Boeing’s (BA.N) MAX and new routes like Southwest Airline…
Japan court extends Ghosn detention by 10 days
FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends a press conference on the second press day…
Evofem shares surge as contraceptive gel meets late-stage trial goal
(Reuters) – Shares of Evofem Biosciences Inc jumped as much as 38 percent on Monday after its birth control gel…
United Technologies to separate into three companies
(Reuters) – United Technologies Corp (UTX.N) said on Monday it would separate into three companies consisting of its aerospace, elevators…
Emirates seeks Rolls-Royce A380 engine deal, nothing finalised
DUBAI/HONG KONG (Reuters) – Emirates is edging towards a deal with Rolls-Royce (RR.L) to power its latest Airbus (AIR.PA) A380…
Danske shares slide as U.S. criminal inquiry spooks investors
COPENHAGEN (Reuters) – Danske Bank’s (DANSKE.CO) deepening money laundering scandal dragged its shares to a four-year low on Friday as…
Honda to invest $2.75 billion in GM’s Cruise self-driving unit
WARREN, Mich (Reuters) – Honda Motor Co Ltd (7267.T) will invest $2.75 billion in General Motors Co’s (GM.N) Cruise Automation,…
Jeff Bezos’ Blue Origin to supply engines for Vulcan rocket
SEATTLE/ORLANDO, Fla. (Reuters) – Blue Origin, the space company founded by Amazon.com Inc (AMZN.O) Chief Executive Officer Jeff Bezos, has…
China says battling swine fever is ‘complex and challenging’
BEIJING (Reuters) – Battling the spread of African swine fever in China is “very complex and challenging”, the country’s agriculture…
Campbell, Third Point urge shareholders to vote for two different boards
(Reuters) – Campbell Soup Co (CPB.N) and hedge fund Third Point LLC on Friday filed preliminary proxy materials urging the…
GM to recall more than one million vehicles in the U.S
(Reuters) – General Motors Co is recalling more than 1 million pickup trucks and sport utility vehicles in the United…
SEC halts trading in two cryptocurrency products, citing market confusion
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission said on Sunday it was immediately suspending trading in two…
Alibaba’s Jack Ma to unveil succession plan next week, remain chairman
BEIJING (Reuters) – Alibaba Group Holding Ltd’s (BABA.N) billionaire co-founder Jack Ma will announce a succession plan on Monday to…
Alibaba co-founder Jack Ma to retire: New York Times
(Reuters) – Alibaba Group Holding Ltd’s (BABA.N) co-founder and executive chairman, Jack Ma, will retire from the e-commerce company on…
Elliott demands fresh revamp at Hyundai Motor Group
SEOUL (Reuters) – U.S. activist hedge fund Elliott Management has renewed its pressure on Hyundai Motor Group with a fresh…
Honeywell raises 2018 profit forecast, to get spin-off dividends
(Reuters) – Airplane parts maker Honeywell International Inc (HON.N) raised its full-year profit forecast for the fourth time this year…
Perrigo plans to separate prescription pharma business
(Reuters) – Perrigo Co Plc (PRGO.N) said on Thursday it would separate its generics prescription business, which has been a…
Tribune Media files suit, terminates Sinclair merger deal
(Reuters) – Tribune Media Co (TRCO.N) said on Thursday it had terminated a $3.9 billion deal to be acquired by…
Samsung unveils gaming-friendly Galaxy Note 9 to boost sales
SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) launched the Galaxy Note 9 “phablet” in New York on Thursday, promising…
IKEA strives to keep prices low as opens first store in India
HYDERABAD (Reuters) – IKEA will set some prices even lower in India than elsewhere when it opens its first store…